Insurance Will Absorb Some Costs in Home Depot’s Giant Privacy Breach September 19, 2014 By Jim Finkle and Nandita Bose Home Depot Inc. Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting...
New CEO Hancock Puts Stamp on AIG Management in Shake-Up September 19, 2014 By Zachary Tracer American International Group Inc. named Kevin Hogan to lead its main life insurance business, putting him in charge of offerings...
Competitive Pressures Mount for Reinsurers September 19, 2014 By Jonathan Gould Reinsurers are being squeezed by price competition and subdued demand from insurers for their products, and traditional mergers may not...
Litmus Analysis’ Shipperlee Explains Current Re/Insurance Ratings September 19, 2014 By Charles E. Boyle As the former head of A.M. Best in London, and a senior executive with Standard & Poor’s, Litmus Analysis Senior...
Mass. Gov. Takes Issue With Report Pegging ACA Costs at $1B September 18, 2014 Massachusetts Gov. Deval Patrick is sharply criticizing a report that puts a price tag of about $1 billion on the...
California Governor Signs Bill Earthquake Insurance Information Bill September 18, 2014 Gov. Jerry Brown has signed Assembly Bill 2064, a bill aimed at changing the way Californians learn about earthquake insurance...
Insurers Bonding with Climate Change Battle September 18, 2014 By Don Jergler Nearly one-in-five major investors in green bonds issued by one of the world’s largest players in that market is coming...
North Dakota Commissioner to Serve on Financial Stability Oversight Council September 18, 2014 The National Association of Insurance Commissioners (NAIC) appointed NAIC President and North Dakota Insurance Commissioner Adam Hamm to serve a...
Swiss Re Eyes Specialty Lines to Counter Reinsurance Slump September 18, 2014 By Carolyn Bandel Swiss Re Ltd., the world’s No. 2 reinsurer, is cutting back on catastrophe coverage and moving into new lines of...
Swett & Crawford Expands Energy Practice Group September 18, 2014 Swett & Crawford, headquartered in Atlanta, has formed a partnership with JH Blades, which will expand the capabilities offered by...